November 22, 2024 19:12 (IST)
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Record 7.28 crore ITRs filed till July 31 for AY 2024-25, 72 percent opt for New Tax Regime

Record 7.28 crore ITRs filed till July 31 for AY 2024-25, 72 percent opt for New Tax Regime

The Income Tax department on Friday said a record Rs. 7.28 crore has been filed till July 31 which is 7.5% more than the total ITRs for AY 2023-24 (6.77 crore) filed till 31st July, 2023.

Persons with income upto Rs. 7 lakh will not pay income tax in new tax regime: Union Budget

Persons with income upto Rs. 7 lakh will not pay income tax in new tax regime: Union Budget

New Delhi: With the objective of benefitting the hard working middle class of the country, Union Minister for Finance and Corporate Affairs, Nirmala Sitaraman made five major announcements with respect to personal income tax while presenting the Union Budget 2023-24 in Parliament on Wednesday.